Recognised by Gartner as a "Cool Vendor in Fraud and Authentication," Arkose Labs offers an industry-first warranty on account protection. Its AI-powered platform combines powerful risk assessments with dynamic attack response that undermines the ROI behind attacks, while improving good user throughput. We caught up with the company's dynamic founder and CEO, Kevin Gosschalk to talk banking security and all things metaverse. In high school, I led a guild of 40 players taking down monsters in a game developed by Blizzard Entertainment called "World of Warcraft". Nearly 16 years later, as the founder and CEO of Arkose Labs, we protect Blizzard and many other world-class customers from fraudsters' attacks and abuse.

Financial technology services are increasingly large and diverse, not only representing a change for users, but also for banks that have had to adapt as new developments allow greater knowledge of the market and customers. Faced with this situation, they have launched in Colombia a platform that will use advanced artificial intelligence functions to generate a credit score for each person and allow financial institutions to identify potential clients. The new system is developed by the fintech Yabx which specializes in enabling credit for unbanked sectors, so thanks to an alliance it will base its data on Telecom's Telecommunications system in association with Claro, therefore It will allow the identification of new clients not recognized by the criteria of traditional banking. The platform will use machine-learning algorithms (artificial intelligence machine learning) to provide a credit score and other products that can be offered to banks or other fintech companies that want to improve their abilities to acquire and qualify customers whose applications to banks traditional are rejected. Thanks to the association with Claro, one of the largest telecommunications networks in the country, the new system will be able to cover around 67% of Colombian adults, in addition, it will allow credit institutions to reduce their rejection rates by up to 40% by take into account factors that are not normally observed.

MaxDecisions, Inc. is expert in deploying A.I. and Machine Learning software and algorithms in Marketing, Risk and Operations can help you grow your lending portfolio. We have decades of online lending experience that can help you quickly launch portfolios with the latest technology. We specialize in creating artificial intelligence and machine learning softrware in fraud and credit risk management for small business and online consumer lenders. We build sophisticated underwriting models that's customized for your portfolio. Leveraging MaxDecisions' experience is your competitive advantage.

"I want it and I want it now" ... not the words of a petulant child, but rather the expectation of ever more demanding banking customers. Both retail and corporate banking clients have upped their demands in today's 24x7 digital world. But banks are often failing to deliver against expectations – to join the dots and provide the tailored, joined-up services customers want. To meet such needs, we can expect to see greater levels of cooperation between banks and Fintechs than ever before. Indeed, PwC's Global Fintech Report 2017 states that some 82% of financial services incumbents plan to increase their collaboration with Fintech companies over the next three to five years.

The rivalry between banks and FinTechs has, at times, been tense if not downright combative. Enter APIs to help the two sides coexist more peacefully. API solutions are doing more than helping two different types of financial institutions find ways to collaborate. By integrating artificial intelligence and machine learning capabilities, companies are relying on API solutions to fight cybersecurity threats and help businesses determine the trustworthiness of a potential trading partner before entering a risky arrangement. Because these solutions that can help reduce the risk of conducting digital commerce, investors are taking notice and writing the big checks with several AI and machine learning solutions securing millions in recent fundraising rounds.